Kingsmen Creatives Provides Updates on H2 2024 Transactions

MT Newswires

03 Feb

Kingsmen Creatives (SGX:5MZ) provided an update on transactions that occurred during the second half of 2024 according to a filing with the Singapore Exchange on Friday

Through its 24.46% owned associate, Kingsmen Korea, the company acquired an additional 10% stake in Kingsmen E&E in November 2024 402.8 million won, taking its shareholding in the latter to 100%.

Subsequently, on Dec. 31, 2024, Kingsmen Korea and Kingsemen E&E amalgamated, with Kingsmen Korea as the surviving amalgamated entity.

Furthermore, on Jan. 28, 2025,Kingsmen Creatives dissolved its 80% indirectly owned subsidiaries in the US, namely NAX USA, Planet Play USA and CrayArt USA.

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